Luxury Travel Market, By Category (Adventure & Safari, Cruise, Rail Journey, Culinary Travelling & Shopping, Customized & Private Vacations, and Celebration), By Age Group (Millennials, Generation X, Baby Boomers, and Silver Hair), By Type (Domestic and I

Luxury Travel Market, By Category (Adventure & Safari, Cruise, Rail Journey, Culinary Travelling & Shopping, Customized & Private Vacations, and Celebration), By Age Group (Millennials, Generation X, Baby Boomers, and Silver Hair), By Type (Domestic and International), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East &Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Luxury travel includes an enhancing experience with a combination of most desirable destinations, luxurious and serene accommodations, convenient commute, and a royal traveling experience. Luxury travel can be categorized into adventure & safari, cruise, rail journey, culinary travelling & shopping, customized & private vacations, and celebration.

Market Dynamics

Among age group, baby boomers segment held a dominant position in the market in 2022, followed by millennials and generation X segments, owing to increasing disposable income in the age group. These generations have a continuous source of income, as the number of working individuals is continuously increasing. According to Ministry of Labour and Employment, on 27 Jan 2022, Employment is showing an increasing trend in the selected sectors of the economy: Union Minister for Labour & Employment The estimated employment increases from 3.14 crore of third quarter to 3.18 crore of 4th Quarter Manufacturing sector accounts for the largest percentage of the total number of workers Women far outnumber men among self-employed persons in Financial Services.

Increasing adoption of digital media has simplified the processes related to luxury travel industry. Bookings can be confirmed via online applications or websites, and payments can be made through credit cards, debit cards or any other online mode of payment. Social media platforms are useful for the customers as well as for the vendors. Travellers as well as the vendors constantly keep themselves updated with the latest trends related to the luxury traveling. This is attributed to increasing use of internet, smartphones, laptops, and tablets.

Key features of the study:

• This report provides in-depth analysis of global luxury travel market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023- 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global luxury travel market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, TÜ ELITE, Cox & Kings Ltd., Travcoa, Micato Safaris, Scott Dunn Ltd., Kensington Tours Ltd., and Butterfield & Robinson Inc. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, Category up-gradation, market expansion, and marketing tactics
• Global luxury travel market report caters to various stakeholders in this industry including investors, suppliers, luxury travel manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global luxury travel market

Detailed Segmentation:

• Global Luxury Travel Market, By Category:
• Adventure & Safari
• Cruise
• Rail Journey
• Culinary Travelling & Shopping
• Customized & Private Vacations
• Celebration
• Global Luxury Travel Market, By Age Group:
• Millennials
• Generation X
• Baby Boomers
• Silver hair
• Global Luxury Travel Market, By Type:
• Domestic
• International
• Global Luxury Travel Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• Northern Africa
• Central Africa
• South Africa
• Company Profiles
• Abercrombie & Kent USA *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Absolute Travel
• Inspiring Travel Company
• TCS World Travel
• TÜ ELITE
• Cox & Kings Ltd.
• Travcoa
• Micato Safaris
• Scott Dunn Ltd.
• Kensington Tours Ltd.
• Butterfield & Robinson

“*” marked represents similar segmentation in other categories in the respective section.